Income inequality is growing fast in China and making it look more like the US

Between 1978 and 2015, China moved from a poor, underdeveloped country to the world’s leading emerging economy. Despite the decline in its share of world population, China’s share of world GDP increased from less than 3 per cent in 1978 to about 20 per cent by 2015 (see Figure 1). According to official statistics, real

Sustainable Finance Is Growing in the World’s Worst-Polluting Country

Tao Zhang is bullish on sustainability in China—especially when it comes to livestock emissions. The founder of U.S.-China impact investing consortium Dao Ventures has spent much of the past year looking to accelerate investment in more environmentally friendly plant-based or lab-grown meat for Chinese consumers through a new company, Dao Foods.

Climate change activists are worried

2019-02-19T15:28:19-06:00Tags: , , , |

China’s Emerging Role in Social Innovation for Global Good

Remember when China was viewed in many parts of the world with alarm and suspicion?

Back then, China—ruthless, relentless, rapacious—was a trade bully, currency manipulator, and a threat to international security through its belligerent posture in the South China Sea. In Africa, it was looting poor countries of their natural resources under the guise of development

2017-05-10T11:51:18-05:00Tags: , |

U.S. vs. China: Whose income inequality is worse?

Income inequality has become a hallmark of the modern economic era, and it’s not only U.S. citizens who are experiencing the trend.

Widening inequality has been called “one of the key challenges of our time” by the World Economic Forum. It cites the negatives associated with a growing gap between rich and poor: weaker social networks,

2017-02-27T14:45:50-06:00Tags: , |

Ending poverty: What should we learn and not learn from China?

China alone accounts for three-quarters of reduction in poverty around the world. Within a single generation, this country has morphed from a socialist backwater, poorer than Bangladesh and Chad in 1980, into the world’s second-largest economy. True, there remains tremendous inequality in China. Many have not benefited from prosperity. Still, its past growth has lifted

2022-07-05T09:40:41-05:00Tags: , |
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